European Central Bank: Bitcoin ‘Not The Answer To Cashless

Published on: Mar 13, 2018 - 12:42 PM

Source: Bitcoinist

The European Central Bank (ECB) claimed Bitcoin is “not the answer to a cashless society” March 13 while also casting doubt on bank-issued digital currencies. Bitcoin ‘Spotlights System Failures’ In an “opinion piece” co-authored by Benoît Cœuré, ECB board member and chair of the Bank for International Settlements’ (BIS) Committee on Payments and Market Infrastructures, as well as chair of the BIS Markets Committee Jacqueline Loh, the bank argues Bitcoin represents a “challenge” due to banks’ failure to provide suitable international remittance options for consumers. …